The technicals, if they are in play once again, seem to be at loggerheads with the fact that there's now no possibility of any further data to support setting a date for the FED to start tapering easing which may be why gold and silver aren't going anywhere at the moment. Alternately (or additionally), with a $90 drop for the week, it wouldn't be unreasonable to expect a bounce from profit taking at the end of the London session an hour from now.
I'm short with a stop just above yesterday's spot close price. Breaking above that, it wouldn't be unreasonable for gold to drift another $10 above that to yesterday's futures closing price of $1,330. (Comex gold futures contracts close at 1:30 PM EST vs 5 PM EST for Forex [spot].)
I'm short with a stop just above yesterday's spot close price. Breaking above that, it wouldn't be unreasonable for gold to drift another $10 above that to yesterday's futures closing price of $1,330. (Comex gold futures contracts close at 1:30 PM EST vs 5 PM EST for Forex [spot].)
You can always make money tomorrow provided you don't lose it today.